| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $11K | — | $11K | 10.00% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $9K | — | $9K | 10.00% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $8K | — | $8K | 10.00% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | TRANSAMERICA LIFE INSURANCE COMPANY | $7K | — | $7K | 13.12% |
| MUTUAL MED INSURANCE SERVICES3 | 4321 E 60TH STREET DAVENPORT, IA 52807 | TRANSAMERICA LIFE INSURANCE COMPANY | $2K | — | $2K | 4.83% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $5K | — | $5K | 10.00% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | ASSURITY LIFE INSURANCE | $5K | — | $5K | 11.65% |
| INNOVATIVE BNFT CONSULTANTS3 Filed as: INNOVATIVE BUSINESS CONSULT | 412 WATER STREET SIOUX CITY, IA 51103 | VSP VISION CARE | $1K | — | $1K | 5.21% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | VSP VISION CARE | $916 | — | $916 | 4.00% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $2K | — | $2K | 10.00% |
| INNOVATIVE BENEFIT CONSULTANTS3 | 412 WATER STREET SIOUX CITY, IA 51103 | LINCOLN NATIONAL LIFE INSURANCE COMPANY | $585 | — | $585 | 10.00% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| INNOVATIVE BENEFITS CONSULTANTS EIN 20-3051128 PLAN ADMINISTRATOR | Plan Administrator Service code 14 | 412 WATER STREET SIOUX CITY, IA 51103 | $23K |
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 314 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 314 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Health (medical)(2 contracts, 2 carriers) | WELLMARK BLUE CROSS AND BLUE SHIELD OF IOWA | 285 | $3.6M |
| Dental | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 199 | $105K |
| Vision | VSP VISION CARE | 164 | $23K |
| Life insurance(4 contracts, 2 carriers) | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 314 | $155K |
| Short-term disability(2 contracts) | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 314 | $22K |
| Long-term disability | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 314 | $49K |
| Other(2 contracts) | LINCOLN NATIONAL LIFE INSURANCE COMPANY | 314 | $82K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 314 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
The primary carrier changed from prior filing. The plan is already willing to move; opportunity to re-pitch on the next cycle.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.
Premium per covered life exceeds 2× the peer median for this NAICS + size cohort. Either richly-funded plan or struggling with a bad rate.